[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



NATIONAL INCOME OR EXPENDITURE


[[Page 345]]


Table B-15.--Output, costs, and profits of nonfinancial corporate business, 1959-98
[Quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Gross domestic       Current-dollar cost and profit per unit of real output (dollars)\1\
product of    ----------------------------------------------------------------------------
nonfinancial                                             Corporate profits with
corporate                                             inventory valuation and
business                  Con-               Com-       capital consumption
(billions of      Total     sump-    Indi-     pen-           adjustments
Year or quarter                           dollars)      cost  and   tion     rect     sation -----------------------------    Net
------------------              of      busi-      of                                 interest
Chained  profit\2\   fixed    ness    employ-            Profits   Profits
Current   (1992)              cap-   taxes\3\     ees    Total      tax       after
ital                               liability   tax\4\
dollars  dollars
--------------------------------------------------------------------------------------------------------------------------------------------------------
1959.....................................................    267.5    910.3     0.294    0.026    0.029     0.188    0.047     0.023     0.025     0.003

1960.....................................................    278.1    940.4      .296     .026     .030      .193     .043      .020      .023      .004
1961.....................................................    285.5    960.5      .297     .026     .031      .193     .043      .020      .023      .004
1962.....................................................    311.7  1,041.5      .299     .025     .031      .192     .047      .020      .027      .004
1963.....................................................    331.8  1,101.1      .301     .025     .031      .192     .050      .021      .029      .004
1964.....................................................    358.1  1,178.5      .304     .024     .031      .192     .052      .020      .032      .005
1965.....................................................    393.5  1,275.2      .309     .024     .031      .193     .056      .021      .035      .005
1966.....................................................    431.0  1,364.4      .316     .024     .030      .201     .056      .022      .034      .005
1967.....................................................    453.4  1,399.1      .324     .026     .031      .209     .052      .020      .032      .006
1968.....................................................    500.5  1,487.7      .336     .027     .033      .217     .052      .023      .030      .007
1969.....................................................    543.3  1,546.9      .351     .028     .035      .232     .047      .022      .025      .009

1970.....................................................    561.4  1,532.5      .366     .032     .038      .247     .038      .018      .020      .011
1971.....................................................    606.4  1,594.1      .380     .033     .040      .252     .043      .019      .024      .011
1972.....................................................    673.3  1,719.4      .392     .033     .040      .260     .047      .020      .027      .011
1973.....................................................    754.5  1,819.7      .415     .034     .042      .278     .048      .022      .026      .012
1974.....................................................    814.6  1,786.8      .456     .041     .046      .312     .042      .024      .018      .016
1975.....................................................    881.2  1,759.3      .501     .050     .050      .330     .055      .024      .032      .016
1976.....................................................    995.3  1,901.3      .524     .051     .050      .346     .062      .028      .034      .014
1977.....................................................  1,125.4  2,041.8      .551     .053     .051      .364     .068      .029      .039      .015
1978.....................................................  1,284.1  2,177.1      .590     .057     .053      .392     .071      .031      .040      .017
1979.....................................................  1,429.7  2,224.2      .643     .065     .056      .435     .066      .031      .035      .020

1980.....................................................  1,553.8  2,229.9      .697     .074     .064      .475     .058      .030      .028      .026
1981.....................................................  1,767.3  2,331.9      .758     .083     .073      .502     .069      .027      .041      .031
1982.....................................................  1,823.4  2,298.8      .793     .091     .075      .529     .062      .020      .042      .036
1983.....................................................  1,950.3  2,405.1      .811     .093     .079      .532     .075      .025      .051      .032
1984.....................................................  2,187.5  2,641.2      .828     .087     .080      .538     .090      .028      .063      .033
1985.....................................................  2,319.3  2,747.3      .844     .087     .082      .554     .089      .025      .063      .033
1986.....................................................  2,416.3  2,835.4      .852     .089     .083      .565     .080      .027      .053      .035
1987.....................................................  2,589.6  2,973.9      .871     .089     .083      .577     .087      .031      .056      .035
1988.....................................................  2,805.2  3,130.1      .896     .089     .084      .590     .094      .033      .062      .039
1989.....................................................  2,950.9  3,179.8      .928     .094     .088      .613     .087      .031      .056      .046

1990.....................................................  3,084.0  3,210.2      .961     .096     .092      .640     .086      .030      .056      .046
1991.....................................................  3,132.1  3,168.8      .988     .101     .100      .660     .085      .027      .058      .042
1992.....................................................  3,262.6  3,262.6     1.000     .101     .103      .673     .091      .028      .063      .032
1993.....................................................  3,430.4  3,374.4     1.017     .101     .106      .679     .103      .031      .072      .028
1994.....................................................  3,709.7  3,586.3     1.034     .101     .108      .677     .122      .036      .086      .027
1995.....................................................  3,920.4  3,745.5     1.047     .100     .106      .682     .130      .037      .094      .028
1996.....................................................  4,134.4  3,914.8     1.056     .100     .105      .685     .140      .039      .101      .026
1997.....................................................  4,414.5  4,154.4     1.063     .100     .105      .691     .143      .041      .102      .023

1993:I...................................................  3,351.8  3,310.2     1.013     .101     .105      .681     .095      .028      .068      .030
II...................................................  3,400.3  3,352.5     1.014     .101     .106      .680     .100      .031      .069      .028
III..................................................  3,444.3  3,387.2     1.017     .102     .106      .679     .102      .030      .072      .027
IV...................................................  3,525.2  3,447.7     1.022     .100     .108      .675     .113      .035      .078      .027

1994:I...................................................  3,624.5  3,526.1     1.028     .106     .108      .673     .115      .034      .081      .026
II...................................................  3,668.9  3,559.8     1.031     .099     .108      .677     .120      .035      .085      .026
III..................................................  3,729.1  3,594.6     1.037     .099     .109      .679     .124      .036      .087      .027
IV...................................................  3,816.4  3,664.9     1.041     .098     .108      .678     .129      .038      .090      .028

1995:I...................................................  3,844.1  3,682.3     1.044     .099     .108      .684     .125      .037      .088      .028
II...................................................  3,879.3  3,710.0     1.046     .100     .107      .685     .126      .036      .090      .028
III..................................................  3,956.5  3,776.2     1.048     .100     .105      .680     .135      .037      .098      .028
IV...................................................  4,001.7  3,813.5     1.049     .101     .105      .681     .135      .037      .098      .028

1996:I...................................................  4,033.0  3,826.9     1.054     .101     .106      .681     .139      .038      .101      .027
II...................................................  4,106.4  3,891.0     1.055     .100     .105      .684     .140      .039      .101      .026
III..................................................  4,168.9  3,944.2     1.057     .100     .105      .686     .141      .039      .102      .026
IV...................................................  4,229.3  3,997.1     1.058     .100     .105      .687     .141      .039      .102      .025

1997:I...................................................  4,307.1  4,054.5     1.062     .100     .105      .690     .142      .041      .101      .025
II...................................................  4,375.7  4,117.0     1.063     .100     .106      .691     .143      .040      .102      .024
III..................................................  4,461.9  4,198.5     1.063     .100     .105      .688     .147      .042      .104      .023
IV...................................................  4,513.2  4,247.5     1.063     .100     .105      .695     .141      .040      .101      .022

1998:I...................................................  4,574.2  4,309.2     1.061     .099     .105      .697     .139      .037      .102      .022
II...................................................  4,618.8  4,352.0     1.061     .100     .104      .699     .136      .037      .099      .022
III..................................................  4,688.9  4,417.2     1.062     .099     .104      .699     .138      .037      .100      .022
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\1\Output is measured by gross domestic product of nonfinancial corporate business in chained (1992) dollars.
\2\This is equal to the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two places to the left.
\3\Indirect business tax and nontax liability plus business transfer payments less subsidies.
\4\With inventory valuation and capital consumption adjustments.

Source: Department of Commerce, Bureau of Economic Analysis.